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Country Economic Forecasts > Latvia

  • April 2017
  • -
  • Oxford Economics
  • -
  • 8 pages


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Solid private consumption, underpinned by a strong recovery in real incomes, delivered 2016 GDP growth of 2% (but just 1.3% on a seasonally-adjusted basis) despite a sharp 11.5% drop in investment linked to EU structural funding delays. With public and private investment now picking up again, and directed at better training and public services as well as transport, energy and communications, the economy appears on track for 2.4% growth in 2017, before rising to 3.5-4% in 2018-20 as EU and other export markets strengthen.

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